Announcement • Jul 28
Power Metal Resources Completes First Hole Of Drilling Programme At Molopo Farms Project In Botswana Power Metal Resources PLC announced the completion of the first hole of its drilling programme on the eastern feeder dyke to the Molopo Farms Igneous Complex in southwestern Botswana, where the Company is targeting a district-scale nickel and platinum group element discovery. The first hole of the Company's drilling programme on the eastern feeder dyke to the Molopo Farms Igneous Complex has been completed. Hole 1-9 was drilled to a depth of 382 m and intersected disseminated suspected nickel mineralisation associated with a leuconorite band between 243 m and 269 m downhole depth. Sampling and assaying of this interval is now in progress, with results to be announced once received, analysed and verified. The hole forms part of the previously announced 1,600 m core drilling programme targeting an initial five high interest geological and geophysical targets on the eastern feeder zone to the Molopo Farms Igneous Complex. The programme is results driven and may be optimised as further data is acquired, with drilling continuing on the remaining targets. Power Metal holds an 87.71% interest in Kalahari Key Mineral Exploration Pty Ltd, a Botswana private company, which holds a 100% interest in the Molopo Farms Complex Project. The technical information contained in this announcement has been read and approved by Mr. Nicholas O'Reilly (MSc, DIC, MIMMM QMR, MAusIMM, FGS), who is a qualified geologist and acts as the Qualified Person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr. O'Reilly is a Principal consultant working for Mining Analyst Consulting Ltd. which has been retained by Power Metal Resources PLC to provide technical support. This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Announcement • Jul 07
Power Metal Resources Commences Drilling Programme And Renews Prospecting Licence At Molopo Farms Complex Project Power Metal Resources PLC announced an exploration update from its Molopo Farms Complex Project, where the Company is targeting a district-scale nickel and platinum group element discovery in southwestern Botswana. The Project's Prospecting Licence 311/2016 has been extended for a period of two years and is now valid until 31 March 2028. Drilling has commenced on a 1,600 m programme of core drilling targeting an initial five high interest geological and geophysical targets on the eastern feeder zone to the Molopo Farms Igneous Complex. Unlike previous and historical drilling, this programme will test targets within the controlling structure to the Molopo Farms Complex and its related feeder dykes. Drill siting is based on latest interpretations of magnetic, AMT and TDEM data previously acquired by Power Metal, plus limited additional ground magnetic traverses. The programme will be results driven and may be optimised as more data is acquired. Power Metal holds an 87.71% interest in Kalahari Key Mineral Exploration Pty Ltd, a Botswana private company, which holds a 100% interest in the Molopo Farms Complex Project. New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (153% accrual ratio). Revenue is less than US$1m (UK£173k revenue, or US$231k). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£15.7m market cap, or US$20.9m).